Were you scammed by an unscrupulous loan officer? Had a bad experience? Hopefully, new procedures enacted by the State will prevent this from happening in the future says The Arizona Republic.
Arizona Loan Officers will be required to be licensed, effective July 1, 2009. Potential loan officers must pass a criminal background check, attend a class on lending laws and ethics, take and pass a test, and will have to post a bond.
For more information read the article
here.
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